As Reported Financial Statements

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As Reported Financials

Source Document Currency Code (in units) 2015 Y 6/30/2017 USD 2016 Y 6/30/2017 USD 2017 Y 6/30/2018 USD 2018 Y 6/30/2018 USD
Source Document Currency Code 2015 Y 6/30/2017 USD 2016 Y 6/30/2017 USD 2017 Y 6/30/2018 USD 2018 Y 6/30/2018 USD

Interest and dividend income

Loans, including fees 10,526,111 10,614,782 10,918,929 12,525,187
Taxable securities 1,143,642 1,290,446 1,228,676 1,206,208
Tax exempt securities 1,268,092 1,016,000 1,128,010 1,288,479
Other 21,039 24,945 114,094 201,595
Total interest and dividend income 12,958,884 12,946,173 13,389,709 15,221,469

Interest expense

Deposits 1,361,775 1,273,386 1,588,813 1,967,240
Borrowings 161,211 150,234 102,386 60,982
Total interest expense 1,522,986 1,423,620 1,691,199 2,028,222
Net interest income 11,435,898 11,522,553 11,698,510 13,193,247
Provision (benefit) for loan losses 560,000 280,000 343,000 (205,000)
Net interest income after provision (benefit) for loan losses 10,875,898 11,242,553 11,355,510 13,398,247

Noninterest income

Net gains on sales of securities 51,449 50,000 120,409 0
Net gains on sales of loans 438,230 517,754 510,689 366,008
Net (losses) on fixed assets (18,866) (2,196) (1,712) 0
Net gains (losses) on sales of REO (70,679) 39,854 145,815 134,792
Commission income 982,879 971,716 980,159 966,837
Service charges and fees 954,071 698,975 930,841 840,459
Earnings on life insurance 271,458 278,416 283,628 279,049
Income from REO 708,180 1,230,864 647,115 0
Other 397,386 379,984 553,370 674,465
Total noninterest income 3,714,108 4,165,367 4,170,314 3,261,610

Noninterest expense

Salaries and benefits 4,865,720 4,996,585 5,372,922 5,938,701
Occupancy and equipment 991,671 1,094,473 1,199,160 1,284,475
Professional 543,107 652,903 504,996 448,879
Marketing 153,797 206,928 367,644 378,486
Deposit insurance premium 204,459 234,712 129,795 129,337
Regulatory assessment 129,971 48,511 29,381 23,134
Correspondent bank charges 58,852 59,038 64,609 70,784
Data processing 628,703 436,127 518,306 721,627
Printing, postage and supplies 221,990 259,152 270,380 260,614
Expense (benefit) on life insurance 81,259 87,652 93,958 (3,612)
Contribution expense 49,186 41,187 29,840 56,040
Expense on REO 1,301,604 1,266,652 708,895 86,164
Other 1,128,638 1,164,104 1,162,000 1,276,293
Total noninterest expense 10,358,957 10,548,024 10,451,886 10,670,922
Income before income taxes 4,231,049 4,859,896 5,073,938 5,988,935
Income tax expense 1,066,380 1,069,625 1,054,912 1,184,160
Net income 3,164,669 3,790,271 4,019,026 4,804,775
Preferred stock dividends 331,919 162,361 85,813 0
Net income attributable to common shareholders 2,832,750 3,627,910 3,933,213 4,804,775

Earnings per common share

Basic 2.49 3.15 3.39 4.12
Diluted 2.49 3.15 3.39 4.12

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 3,164,669 3,790,271 4,019,026 4,804,775

Other comprehensive income

Unrealized gains (losses) on securities 603,414 2,684,274 (1,167,684) (1,687,881)
Reclassification adjustment for gains included in net income (51,449) (50,000) (120,409) 0
Net unrealized gains (losses) 551,965 2,634,274 (1,288,093) (1,687,881)
Tax effect 202,333 924,803 462,319 451,572
Total other comprehensive income 349,632 1,709,471 (825,774) (1,236,309)
Comprehensive income 3,514,301 5,499,742 3,193,252 3,568,466
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.